Vodafone India and Idea Cellular today announced their long-anticipated merger, nearly a month after acknowledging that talks were on to join hands.
Vodafone India today confirmed that it is in talks with the AB Group for a merger with Idea. If the merger goes through, the new entity is likely to surpass the current number one telecom player – Bharti Airtel.
Most of the expectations of a good monsoon driving rural demand and in effect earnings has been priced in feels Nilesh Shetty of Quantum AMC who prefers to raise cash levels by trimming stock positions if the market continues to rally.
According to sources Aditya Birla Group owned Hindalco may be interested in Rio Tinto's Iron Ore Company (IOC) assets.
Aditya Birla group firm Idea Cellular today submitted before the Delhi High Court that the Department of Telecom (DoT) has no say in the merger of companies.